by sasha@traceyrobinson.ca | Jul 16, 2024 | Uncategorized
Today’s good inflation news and weakening economic data bodes well for the Bank of Canada to cut its overnight policy rate by another 25 bps on July 24th Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase...
by sasha@traceyrobinson.ca | Jul 11, 2024 | Uncategorized
Canadian employment slowed again in June, as the unemployment rate rose two ticks to 6.4%. Wage inflation, a lagging indicator, edged up to 5.4% y/y Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have...
by sasha@traceyrobinson.ca | Jun 26, 2024 | Uncategorized
For the first time this year, May data for the Canadian CPI inflation rate were stronger than expected. This reduces the chances of another rate cut in July unless we see a reversal in the June data released a week before the July decision date. Inflation unexpectedly...
by sasha@traceyrobinson.ca | Jun 3, 2024 | Uncategorized
The Canadian economy grew at a weaker-than-expected 1.7% in Q1, while Q4-2023 growth was revised down to 0.1% from 1.0%, increasing the chances of a rate cut next week. Odds of a Rate Cut Next Week Rise with Disappointed Canadian GDP Growth The likelihood of a rate...
by sasha@traceyrobinson.ca | May 21, 2024 | Uncategorized
Excluding shelter, core inflation falls to 1.7%, increasing the odds if a rate cut at June 5 meeting. The Consumer Price Index (CPI) rose 2.7% year-over-year (y/y) in April, down from 2.9% in March. This marks the fourth consecutive decline in core inflation. Food...
by sasha@traceyrobinson.ca | Mar 20, 2024 | Uncategorized
Price pressures eased again in February, setting the stage for a BoC rate cut by mid-year. Great News On The Inflation Front The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% expected...
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